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To: dirtboy
Pretending that men who made trades in the markets where risk is distributed that were correct enough to earn 10 figures, are "ignoring risk", is simply pretending.
63 posted on 07/22/2009 8:51:05 AM PDT by JasonC
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To: JasonC
Pretending that men who made trades in the markets where risk is distributed that were correct enough to earn 10 figures, are "ignoring risk", is simply pretending.

Yeah, sure, Jason. That's why GS bought $13 billion in credit default swaps from AIG and never got around to making sure AIG could cover them until the last minute.

Any more of your divorced-from-current-reality bullbiscuits you wish to dump into this thread?

64 posted on 07/22/2009 8:54:23 AM PDT by dirtboy
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To: JasonC

Actually, Jason, you are probably correct in one regard in reference to GS risk management - they apprently were smart enough to have a revolving door between their company and the federal goverment so that if things did go south regarding being overleveraged, they had access to Uncle Sugar’s wallet.


65 posted on 07/22/2009 9:04:13 AM PDT by dirtboy
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